News

Despite a strong increase in same store sales, Genesco’s CEO says the company remains cautious about the rest of the fourth quarter.

Genesco Inc. reported that its same store sales, including both stores and direct sales, increased 10% for the quarter-to-date period ended Jan. 3, from the equivalent period last year. Same store sales increased 9% and sales for the company's e-commerce and catalog direct sales businesses increased 25% on a comparable basis for the period.

Apparently closing all of your stores and firing all of your employees is among the actions a retailer can take when it is “exploring strategic alternatives.”

Body Central Inc., which announced early this month that it was $18 million in debt and exploring strategic alternatives, has shuttered all 265 of its stores and fired 2,500 employees.

NRF president Matthew Shay told attendees of retail’s Big Show in New York City this week that the industry is well-positioned for 2015 – with a little help from friends in Washington, D.C.

There have been many bold predictions about retail trends, but not as many predictions about trends when it comes to the future of retail payments in the digital age. Well, for PayPal, it seems as though the future is now.

Family Dollar is urging its shareholders to support a buyout offer from rival discounter Dollar Tree with less than two weeks remaining before a vote on the pending deal.

Family Dollar shareholders are scheduled to vote Jan. 22. on whether to accept the Dollar Tree offer.

Family Dollar has rejected numerous approaches from Dollar General, the latest worth $9.1 billion in cash, in favor of an $8.5 billion cash-and-stock offer from Dollar Tree. It has cited risks that the Dollar General deal would be blocked because of anti-monopoly rules.

Retailers loking to take retail innovation to the next level may want to look at GameStop and its new omnichannel partnership with Microsoft.

The video game retailer announced Monday at NRF’s Big Show that it will use Microsoft's Azure cloud-powered network "enhance the in-store engagement of its customers in interactive, informative, and entertaining ways."

GameStop will be one of the first retailers to use Azure to stream video game and promotional content direct to customer and store associate mobile devices.

While an increasing number of retailers are using smartphones and tablets as mobile payment terminals, the payment process can be tricky. Now leading payments provider Verifone has a solution to that problem: PAYware Mobile e355.

Verifone’s new mPOS terminal will support all mobile payment platforms and devices, and will be a valuable option for retailers looking to deploy a mobile POS system without being locked into a single ecosystem.

Sam’s Club is taking its efforts to help and recognize small businesses to a new level with a $700,000 grant to SCORE.

The American Small Business Championship through SCORE will award 102 small businesses, two in every state and the District of Columbia, for their sacrifice and dedication to the success of their business. The Small Business Champions will receive a $1,000 Sam's Club gift card, an all-expense-paid trip to a training event, SCORE mentoring for one year, and promotion throughout the year to showcase each Champion's story.

The Fresh Market is heading into the new year with fresh leadership changes at the top.

The specielty grocery retailer announced that Craig Carlk, president and CEO, and a member of the board of directors, has left the company and has resigned as a member of the board.

The board has appointed Sean Crane, EVP and COO, as interim CEO while the company evaluates candidates to replace Carlock.

The retail landscape is changing more rapidly now than at any point in history. As technology and customer demands evolve, retailers and their supply chains must be increasingly flexible and adaptable.

Let’s take a look at the top 5 trends for the retail supply chain in 2015.

1. This year will be omnichannel’s time to shine.